Colorado Springs Utilities confirmed this week that its winter Energy Wise rates are now in effect, offering residential customers a significant reduction in electricity costs during peak evening hours through the coming months. The winter rates began October 1 and will remain in effect through the end of May 2027.
The rate structure divides the day into on-peak and off-peak windows, with prices varying considerably depending on when customers use electricity. Off-peak hours — when electricity costs the least — cover weekdays before 5 p.m. and after 9 p.m., as well as all day on weekends and most holidays. On-peak hours, when rates are highest, run Monday through Friday from 5 p.m. to 9 p.m.
The sharpest change from summer billing comes during those on-peak evening hours. The winter on-peak rate decreases by nearly 50% compared to summer, dropping from approximately $0.29 per kilowatt-hour to approximately $0.15 per kilowatt-hour. The off-peak electric rate, by contrast, remains the same year-round at approximately $0.07 per kilowatt-hour.
For customers enrolled in the Energy Wise program, the practical effect on monthly bills is meaningful. Residential Energy Wise customers can expect to pay 5% less on average during winter months, according to officials.
Colorado Springs Utilities offered several concrete tips for households looking to make the most of the lower off-peak rates. The utility encouraged customers to run washers and dryers on weekends or during other off-peak windows, and noted that skipping the dryer and hanging clothes to dry can yield additional savings. For dishwashers equipped with a delay setting, the utility suggested pushing the start time past 9 p.m. on weekdays to take advantage of the cheaper overnight rate. Electric vehicle owners were also advised to prioritize charging during off-peak hours to maximize savings.
It remains to be seen how broadly customers will adjust household routines in response to the rate shift, and Colorado Springs Utilities has not yet indicated when or whether it will publish enrollment or savings data for the current winter cycle.